Trading King

06/24 05:44

Bitcoin Holds Key Price Floor Despite Weak Bullish

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex AlphaOver the past week, bitcoin ($BTC) has traded between $62,000 and $72,000. Despite bullish conditions not being fulfilled, the leading digital asset has managed to hold its floor. Analysts at the crypto exchange Bitfinex revealed in the latest Bitfinex Alpha report that the current crypto market environment is being reshaped by shifting Federal Reserve expectations and inflation risks. These factors have created near-term pressure for risk assets like gold and $BTC; regardless, the floor of the latter has remained intact. Bitcoin in Limbo On-chain data shows that neither bulls nor bears are firmly in control. With $BTC trading within the $62,500-$72,000 consolidation zone, the market appears to be in limbo, rather than a sustained bearish phase. Bitfinex analysts outlined two bullish tests for a potential sustained uptrend on lower timeframes, but they all failed. The tests were a sustained spot exchange-traded fund (ETF) market bid and a calming of the derivatives complex, with funding moving from neutral to negative. In the face of the failure, there are now two opposing forces pulling at market sentiment on inflation: the potential of softening energy risks following a peace deal between the U.S. and Iran and the Fed's focus on inflationary heat rather than the immediate relief in crude prices.

BTCUSDT

永续

----%

ВподобайкаПоділитися